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First Merchants Corporation

FRME· NASDAQ
$41.36+1.90%
2026-11-02

Financials

Valuation Metrics

First Merchants Corporation's Market Cap is $2.61B. At end of 2025 it was $2.15B. Ranked #1811 of 3,116 in US market (top 58%), #653 of 1,472 on NASDAQ (top 44%), #114 of 245 in Banks (top 47%) by Market Cap.

Investment Metrics(as of 2026-11-02)

MetricValue
Size
Market Cap$2.61B
Revenue$690M
Net Income$186M
Total Assets$21.35B
Net Assets$2.70B
Employees2,086
Value
P/E14.02x
P/B0.97x
P/S3.78x
EV/EBITDA15.69x
FCF Yield12.08%
Profitability
ROE6.89%
ROA0.87%
Op. Margin29.91%
Revenue Growth8.14%
Earnings Growth-17.61%
Financial Health
Debt Ratio691.52%
Total Debt$1.60B
FCF$315M
Cash$616M
Current Ratio0.24x
Net Debt/EBITDA4.31x
Dividend
Div. Yield3.36%
Div. Growth1.58%
Performance
1Y Return16.57%
1M Return3.01%
From 52W High-8.76%
1Y MDD-14.36%
Trading
Volume387,841 shares
Trading Value$16M
Per Share
EPS$2.95
BPS$42.80

Company Info

CEO Mark K. Hardwick
Employees 2,086
HQ Muncie, US

First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.